Moov

The ad world knows him as the DNA of Paras Pharmaceuticals that created brands like DermiCool, Moov , Livon, D'Cold and a host of OTC products that are household names today. Darshan Patel , the younger brother of Paras CMD Girish Patel, has always maintained a stoic silence since he left the company in 2006. He opened up before ET days after Paras promoters Actis Capital LLP and Sequoia Capital are reportedly wooing buyers to sell their controlling...

AHMEDABAD: Three former top executives of Paras Pharmaceuticals , the Ahmedabad company that owned brands such as Moov, Itch Guard and Dermicool, are back in action together. They have launched a startup company, Athena Life Sciences, and received funding in May this year from investors such as Akash Manek Bhanshali of Enam Holdings and Manish Chokhani of US private equity giant TPG. Paras Pharma was one of the major deals in the FMCG space in 2010, when UK-based...

AHMEDABAD: Barely two days after he sold off Paras Pharmaceuticals , Girish Patel is back to what he does best - building enterprise. With around Rs 1,000 crore, which he made by selling his 30% stake in Reckitt Benckiser's Rs 3260-crore acquisition of Paras, Patel plans to build more successful companies. The Patel family, which promoted Paras, sold part stake in the company to private equity fund Actis in two phases and then another part to Reckitt Benckiser . ...

Gadget lovers can feast their eyes on these wonderful products that are making the news in the tech world this week. Marshall London Marshall is a brand known (and coveted) for high-quality audio equipment like guitar amps, headphones and Bluetooth speakers.Expanding its portfolio, the company has launched an Android smartphone specifically for music enthusiasts. It has a dedicated sound card along, dual front speakers and...

Gadget lovers can feast their eyes on these wonderful products that are making the news in the tech world this week. Marshall London Marshall is a brand known (and coveted) for high-quality audio equipment like guitar amps, headphones and Bluetooth speakers.Expanding its portfolio, the company has launched an Android smartphone specifically for music enthusiasts. It has a dedicated sound card along, dual front speakers and support for playback...

MUMBAI: Private equity fund Actis said it will sell its 82 per cent holding in Sterling Hospital , which will be bought by the latter's Chairman Girish Patel . The UK-based PE player is selling its shareholding to Addlife Investments Pvt Ltd , a company promoted by Patel, the current Chairman of Sterling, Actis said in a statement. It did't disclose financial details of the deal. Actis, which has over $6 billion funds under management,...

AHMEDABAD: Three former top executives of Paras Pharmaceuticals , the Ahmedabad company that owned brands such as Moov, Itch Guard and Dermicool, are back in action together. They have launched a startup company, Athena Life Sciences, and received funding in May this year from investors such as Akash Manek Bhanshali of Enam Holdings and Manish Chokhani of US private equity giant TPG. Paras Pharma was one of the major deals in the FMCG space in 2010, when UK-based...

AHMEDABAD : Former ParasPharma co-promoter Devendra Patel is back in the Rs 30,000 cr personal care market with his new brand Layer'r . His elder brother Darshan Patel's Vini Cosmetics has already launched Fogg , 18+ and White Tone in this space. ParasPharma has a legacy of brands like Moov , Itchquard , Livon and Dermicool . Post his Paras-stint, Devendra Patel has set up a new company...

AHMEDABAD/MUMBAI: In the rough-and-tumble world of mergers and acquisitions (M&As), one small, relatively unknown firm is quietly carving a niche for itself. Mehta Partners ? a Wall Street, New York-based boutique advisory firm promoted by India-born Viren Mehta ? has silently become a familiar name for dealmakers who work closely with the Indian pharmaceutical industry. Mehta Partners works in a small niche ? offering strategic advisory...

AHMEDABAD: Mena factor is emerging as the draw for multinational suitors looking for Indian companies, the recent Paras Pharma buyout by Reckitt Benckiser has shown. The Ahmedabad-based company owned by private equity player Actis lured the UK-headquartered consumer goods company with growth strides in the Middle Eastern-North African (MENA) markets. Paras' flagship brands Moov and Krack posted a 100% annual growth in the MENA markets, much more than the...

MUMBAI: Private equity fund Actis said it will sell its 82 per cent holding in Sterling Hospital , which will be bought by the latter's Chairman Girish Patel . The UK-based PE player is selling its shareholding to Addlife Investments Pvt Ltd , a company promoted by Patel, the current Chairman of Sterling, Actis said in a statement. It did't disclose financial details of the deal. Actis, which has...

AHMEDABAD : Former ParasPharma co-promoter Devendra Patel is back in the Rs 30,000 cr personal care market with his new brand Layer'r . His elder brother Darshan Patel's Vini Cosmetics has already launched Fogg , 18+ and White Tone in this space. ParasPharma has a legacy of brands like Moov , Itchquard , Livon and Dermicool . Post his Paras-stint, Devendra Patel has set up a new company called Adjavis Venture ...

In a chat with ET Now, Ajay Srivastava , CEO, Dimensions Consulting shares his views on Ranbaxy: ET Now: What are your thoughts on Ranbaxy? Ajay Srivastava: It is a good stock to be in but Japanese parents have never been good parents or companies on the listed side that is a honest fact because I do not think they have grip with the situation. Every good performance over quarter is balanced by the next quarter. If...

In December 2010, when Reckitt Benckiser India agreed to shell out Rs 3,360 crore to buy Paras Pharma, it was merely following its parent's blueprint for the future. The manufacturer of leading homecare brands like Dettol and Harpic did not just want to help the Indian homemaker maintain her house. It also wanted to be a mainstay in her first-aid box. The addition of healthcare, to go with homecare, was a vision its £9.5...

NEW DELHI: S Raghunandan has quit Reckitt Benckiser India within three weeks of taking over as the country head of the UK-based consumer products maker, taking industry watchers by surprise. "Raghunandan has resigned from the post of GM India due to personal and health reasons," a Reckitt Benckiser India spokeswoman said in a statement. Speaking to ET from Ahmedabad, former Paras Pharmaceuticals CEO Raghunandan said, "I...

NEW DELHI: The government on Tuesday approved the proposal of UK-based consumer products and pharmaceutical giant Reckitt Benckiser to set up a new wholly-owned investment subsidiary . The equity of the company will be subscribed by Reckitt Benckiser (Singapore ) to make downstream investment in Paras Pharmaceuticals. The approval is expected to result in FDI amounting to Rs 3,300 crore in the subsidiary, an official press release said. ...

Talking about sachets is unlikely to cause any surprise. After all, the FMCG sector has been talking sachets for a long time and other segments like food and beverages have followed suit with varied degree of success. So why are we talking about these mini packs again? Because the products in question are OTC (over the counter) products and for the first time, the brand is taking the sachet route to make further inroads using a particular price point. Brands like Moov, Itchguard...

AHMEDABAD: Since the days of its first successful product Stopache in the '80s, Paras Pharmaceuticals has seen copycats aping its flagship brands. From Moov, D'Cold, Dermicool to Livon, Paras would witness about 10-12 court cases every year to protect Intellectual Property and Copyright of its OTC and FMCG brands. "Paras has been extremely protective against infringements of its IP and Copyright in the medicosmo (medical-cosmetic) segment. Promoters of the homegrown...

AHMEDABAD: Mena factor is emerging as the draw for multinational suitors looking for Indian companies, the recent Paras Pharma buyout by Reckitt Benckiser has shown. The Ahmedabad-based company owned by private equity player Actis lured the UK-headquartered consumer goods company with growth strides in the Middle Eastern-North African (MENA) markets. Paras' flagship brands Moov and Krack posted a 100% annual growth in the...